Month: June 2016

Pending Home Sales Fall the Most Since May 2010

30/06/2016

Pending home sales have fallen the most since May 2010. The National Association of Realtors (NAR) is spinning this as potential buyers are being thwarted by a shortage of affordable homes because sales are so good. Lawrence Yun, NAR chief economist, writes… With demand holding firm this spring and homes selling even faster than a Read More »

PrivateBancorp Takeover Big +24% Win

29/06/2016

February 28, 2016: PrivateBancorp to be promoted to S&P400 index after the close of trading on February 29, 2016. S&P SmallCap 600 constituent PrivateBancorp Inc. (PVTB) will replace Sirona Dental Systems Inc. (SIRO) in the S&P MidCap 400 after the close of trading on Monday, February 29, 2016.

Media Manipulation: 2nd Half Stronger Than First

28/06/2016

The mainstream financial media is repeating the yearly claim that analysts say the second half of 2016 will be better than the first. The media is reporting that analysts believe earnings growth will come in for Q3 2016 at +1.1%, and +7.4% for Q4 2016. This prediction for stronger earnings in the 2nd half of Read More »

The Big Oil Short

23/06/2016

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Jaw Dropping Chart Shows Severe Economic Contraction In 2016

22/06/2016

This chart might be one of the scariest you will see this week. It gives a bleak picture of what is going on inside corporate America. The number of companies increasing dividends per share has dropped by the most since right before the Great Recession. Andrew Birstingl, Research Analyst for FactSet.com writes new Read More »

US Banks To Be Decapitated If Brexit

20/06/2016

If you are looking for a black swan event that could plunge the weak US economy into a full-blown recession, Brexit could be it. Big US banks have already taken brutal losses over the last year. Bank of America has more than $2.1 trillion in assets. Bank of Amerca’s stock has plunged -20% from a Read More »

Officials: California Blackouts Up To 14 Days Coming

20/06/2016

The California state power grid operator informed millions of Californians they could suffer power outages of up to 14 days this summer. Folks, that’s long enough to kill people. Imagine people who are on ventilators, CPAP machines, or just live in scorching hot areas. California recently overtook France as the world’s 6th largest economyopens in Read More »

Fed Bullard Makes Embarrassing Reversal, Says One Hike In 2.5 Years

17/06/2016

The Federal Reserve is making a very public and very embarrassing reversal. The latest example is that of Fed hawk Bullard. On March 27, 2016, Fed hawk Bullard (voter) said that April and June are “live meetings” for the Fed to raise rates. In a Nikkei interview, Bullard said, “The US economy is growing at Read More »

CommScope BTIG Initiates With Buy, Price Target $41

17/06/2016

May 17, 2016: CommScope Holding Company has received Buy ratings from 3 analysts today. The 3 analysts are: George Notter of Jefferies, Greg Mesniaeff of Drexel Hamilton, and Mark…

Beijing Says Apple iPhone Violates Its Patents LOL!

17/06/2016

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